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FORDABILITY, INC. 401K PROFIT SHARING PLAN 401k Plan overview

Plan NameFORDABILITY, INC. 401K PROFIT SHARING PLAN
Plan identification number 001

FORDABILITY, INC. 401K PROFIT SHARING PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • Partial participant-directed account plan - Participants have the opportunity to direct the investment of a portion of the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
  • Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
  • Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.

401k Sponsoring company profile

FORDABILITY, INC. has sponsored the creation of one or more 401k plans.

Company Name:FORDABILITY, INC.
Employer identification number (EIN):474871068
NAIC Classification:811120
NAIC Description: Automotive Body, Paint, Interior, and Glass Repair

Form 5500 Filing Information

Submission information for form 5500 for 401k plan FORDABILITY, INC. 401K PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012015-08-25JULES FORD

Plan Statistics for FORDABILITY, INC. 401K PROFIT SHARING PLAN

401k plan membership statisitcs for FORDABILITY, INC. 401K PROFIT SHARING PLAN

Measure Date Value
2015: FORDABILITY, INC. 401K PROFIT SHARING PLAN 2015 401k membership
Total participants, beginning-of-year2015-08-250
Total number of active participants reported on line 7a of the Form 55002015-08-251
Number of retired or separated participants receiving benefits2015-08-250
Number of other retired or separated participants entitled to future benefits2015-08-250
Total of all active and inactive participants2015-08-251
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-08-250
Total participants2015-08-251
Number of participants with account balances2015-08-251
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-08-250

Financial Data on FORDABILITY, INC. 401K PROFIT SHARING PLAN

Measure Date Value
2015 : FORDABILITY, INC. 401K PROFIT SHARING PLAN 2015 401k financial data
Total income from all sources2015-12-31$168,076
Expenses. Total of all expenses incurred2015-12-31$0
Total plan assets at end of year2015-12-31$168,076
Total plan assets at beginning of year2015-12-31$0
Total contributions received or receivable from participants2015-12-31$76
Contributions received from other sources (not participants or employers)2015-12-31$168,000
Other income received2015-12-31$0
Net income (gross income less expenses)2015-12-31$168,076
Net plan assets at end of year (total assets less liabilities)2015-12-31$168,076
Net plan assets at beginning of year (total assets less liabilities)2015-12-31$0
Assets. Value of employer securities2015-12-31$168,000

Form 5500 Responses for FORDABILITY, INC. 401K PROFIT SHARING PLAN

2015: FORDABILITY, INC. 401K PROFIT SHARING PLAN 2015 form 5500 responses
2015-08-25Type of plan entitySingle employer plan
2015-08-25First time form 5500 has been submittedYes
2015-08-25Submission has been amendedNo
2015-08-25This submission is the final filingNo
2015-08-25This return/report is a short plan year return/report (less than 12 months)Yes
2015-08-25Plan is a collectively bargained planNo
2015-08-25Plan funding arrangement – TrustYes
2015-08-25Plan benefit arrangement - TrustYes

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